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traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's companiespy is 1949. let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.47 billion euros for anti-competitive behavior. the firms are panasonic and toshiba, samsung sdi and lg electronics, phillips and technicolor. they say the officials of those companies me
traders said positive remarks about a fiscal cliff deal by president obama are aiding share prices. i guess port-related issues are leading the gains as the weakening trend of the yen is continuing. so let's take a look at the currency markets. the dollar is higher against the yen. that's on better than expected nonmanufacturing data out of the u.s. 82.40-43. euro/yen, that's in the mid 107 yen levels this thursday morning. taking a look at other markets in the asia-pacific, south korea's...
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but are we getting any closer to a deal to get off the so-called fiscal cliff? we will talk about it all with the fox all-stars when we return. [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost everything, the idea that there was someone there... that's an amazing thing. ♪ ♪ ♪ >>> i've said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and they have had compromise between democrats and republicans. i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. >> his proposal that he offered to boehner was literally a joke. it's $50 billion stimulus package. it raised taxes by $1.6 trillion. it did nothing to save social security and medicare. >> bret: some of the back a
but are we getting any closer to a deal to get off the so-called fiscal cliff? we will talk about it all with the fox all-stars when we return. [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost...
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. >>> all right, less than three weeks to go until that so-called fiscal cliff, and still no deal. but this morning, there are signs of some movement in negotiations. president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still seeking further concessions on spending cuts. >>> well, there are some new details this morning on that london nurse who took her own life after passing through a prank call at the hospital that was treating kate middleton for extreme morning sickness. jacintha saldanha's family reveals that she left a suicide note, though they haven't released details of what that note said. earlier this week, the two deejays who made the call said the tragedy has left them shattered, gutted and heartbroken. >>> now, here's your first look at this morning's "dish of scrambled politics." mitt romney wasn't the only o
. >>> all right, less than three weeks to go until that so-called fiscal cliff, and still no deal. but this morning, there are signs of some movement in negotiations. president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still...
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cliff deal. meanwhile, the president said he's confident republicans will cave on the tax increases. we'll discuss the fiscal cliff with our "morning joe" panel. >>> and now, mercifully, i need your help. are you with me on this one? the phrase fiscal cliff, i'm over it, time's up, date reached on the expiration, nails on the chalkboard annoying. can't we be a little more creative? this is where you come in. e-mail your alternative to the phrase "fiscal cliff," and i'll use the best one tomorrow on our show. we won't use fiscal cliff, i promise. so far, my best, budgetary bluff? yeah, the bar's been set very low. >>> up next, we'll huddle around the water cooler, where jon stewart stepped out of his comfort zone with an eminem-inspired rap for the michigan protesters. >>> well, enough with the real news. let's gather around the water cooler. and first, a little moment of silence. louis louis, who wouldn't miss a second of on-camera opportunity has been talking to the porcelain god all night. not
cliff deal. meanwhile, the president said he's confident republicans will cave on the tax increases. we'll discuss the fiscal cliff with our "morning joe" panel. >>> and now, mercifully, i need your help. are you with me on this one? the phrase fiscal cliff, i'm over it, time's up, date reached on the expiration, nails on the chalkboard annoying. can't we be a little more creative? this is where you come in. e-mail your alternative to the phrase "fiscal cliff," and...
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Dec 10, 2012
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this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that invitation to boehner on friday. >> there are 22 days left till the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >>> the colorado doctor kidnapped in afghanistan is safe this morning after a daring rescue mission by a team of navy s.e.a.l.s. >> the key to these things is surprise, speed and action. you get in there before they know you're coming. you're to the door before they know what's going on. >>> the upper midwest is digging out from its first major snowstorm. >> minnesota bore the brunt of this weather, some spots getting 16 inches of snow. >>
this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that...
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on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been consistent that it is important to address entitlement reform, something they very much want on the table if we're going to have a big deal in this fiscal cliff matter. jon? jon: on the democratic side it seems like they are holding firm on being sure that there is additional tax revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox n
on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans have been...
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how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million going after republicans who they thought weren't conservative enough in the last election. listen to what they have to say about john boehner now. >> when he couples this conservative purging with a negotiated tax increase of $800 billion we are starting to see more and more signs that he's not dedicated to fiscally conservative beliefs. >> reporter: mr. roth said if he doesn't watch it he can lose his speakership and there are others in the city talking about what they can do to reign in the g.o.p. leadership as a group from raising taxes after republicans spent the last year on t
how they deal with the fiscal cliff. this could prove to be a very fork in the road. the her teenage foud in yesterd. south carolina senator stkwr*eupl demint who is leading the senate to head up heritage foundation has issues with what john boehner has been doing. it's all about this counter offer to the president on tax increases. the conservative blog red state went after him. freedom works which backs tea party groups and the club for growth is really the big one. they spent $10 million...
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cliff deal. roland's right. democrats won the election. they're sitting in the catbird seat. they don't want to include spending cuts and president obama doesn't think he needs to. if we go over the cliff other polls suggest republicans will get the blame. they have most of the leverage, therefore we don't get to a compromise or a deal. one calf national, republicans recognized this lack of leverage. they looked into 2013 and see a couple months in we have a debt ceiling deal. if we don't do a compromise now we're going to hold you during that debt ceiling debate and get spending cuts out of you then and president obama does not want to relive that 2011 catastrophe, chaos. >> roland, before you go, i didn't hear anything, it was all, it sounded like charlie brown to me after i heard you say roland's right. i don't know if i've ever heard you utter those words, will cain. >> actually he often says that. this is not a shocker. it's not breaking news and exclusive. it happens a lot. >> it's a just i
cliff deal. roland's right. democrats won the election. they're sitting in the catbird seat. they don't want to include spending cuts and president obama doesn't think he needs to. if we go over the cliff other polls suggest republicans will get the blame. they have most of the leverage, therefore we don't get to a compromise or a deal. one calf national, republicans recognized this lack of leverage. they looked into 2013 and see a couple months in we have a debt ceiling deal. if we don't do a...
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despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representatives. we're pleased to have her with this m us.good good morning. >> good morning. >> where are these negotiations? when they were bargaining over the grand bargain you gave the the president and your caucus did cus d room to go in there and negotiate. he has that i assume, again, sosume he can put spending cuts and cuts and entitlement cuts on the table.he presi >> the president knows our views, sha views, shares our values. we respect his leadership and there's a recognition that he he may need our votes.e's n >> but there's no red line for you and the democrats in the use. house. you want the president to make a deal and deal and lay out what he can do.do. >> that is true. t however, we want what happens toe of the be fair and to work.e and one of the things we object to is raising the medicare age. red >> it's not a red line for you?g that >> it's something that says don'
despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representatives. we're pleased to have her with this m us.good good morning. >> good morning. >> where are these negotiations? when they were bargaining over the grand bargain you gave the the president and your caucus did cus d room to go in there and negotiate. he has that i...
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john boehner says he's still hopeful a fiscal cliff deal will happen, but he and other top republicans today plan the husband's latest proposal. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> simultaneous tax hikes and spending cuts could happen at the start of the year if a deal isn't reached. nelson mandela is responding to treatment for a lung infection. that is according to statements from south african president zuma. he was rushed to the hospital over the weekend, 94 years old. >>> hugo chavez's six-hour surgery was apparently a success. chavez announced saturday his cancer has returned but he has never said what type of cancer he has. >>> near portland, oregon, police say this shopping mall was bustling with 10,000 people when a mass gunman believed to be in his 20s opened fire. witnesses say he fired at random, killing two people and leaving a third victim, quote, fighting for her life. shotgun blasts he cechoed throu the mall and sent them running for cover. >> i wa
john boehner says he's still hopeful a fiscal cliff deal will happen, but he and other top republicans today plan the husband's latest proposal. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> simultaneous tax hikes and spending cuts could happen at the start of the year if a deal isn't reached. nelson mandela is responding to treatment for a lung infection. that is...
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john boehner said a fiscal cliff deal is no closer now than it was a week ago. nancy pelosi called for more urgency. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat, but in many homes across america it's a very, very lean time. >> the goose is getting fat. this was the latest salvo in a week of ups and downs in negotiations as both sides engaged in a tug-of-war over tax rates and spending cuts. >> i was just flabbergasted and said you can't be serious? right now i would say we're nowhere. >> there shouldn't be anything offered in public. the president, speaker boehner in a room and nobody come out until it's solved. >> we have to see the rates on the top 2% go up, and we're not going to get a deal with it. >> the problem with the republican proposal is it does raise taxes. >> if they do not make this deal on tax rates for the top 2%, they're
john boehner said a fiscal cliff deal is no closer now than it was a week ago. nancy pelosi called for more urgency. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getting fat, but in many homes across america it's a very, very lean time. >> the goose is getting fat....
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debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i know some republicans who had their eyelids surgically removed. (laughter) (cheers and applause) now obama won't budge off his calls for $1.6 trillion in new tax revenue over the coming decade, mostly from increasing tax rates and taxes on upper-bracket earners. folks, that's just punishing our nation's job creators. america's billionaires are the engine that drives our economy through smart investments! and occasionally through dumb ones. (laughter) today house speaker john boehner struck back with his plan to cut spending by demanding obama come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the pr
debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i...
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are tea party lawmakers now ready to deal and avoid the fiscal cliff? capella university understands rough economic times have led to an increase in clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> tea party perhaps isn't what it used to be. here is cnn's jim acosta. >> reporter: for the tea party, change is brewing on capitol hill. florida republican alan west, who rode the tea party wave into congress two years ago, only to be swept out in november, has already lost his office, which is being prepped by painters for its new oc
are tea party lawmakers now ready to deal and avoid the fiscal cliff? capella university understands rough economic times have led to an increase in clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others....
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. >> as the fiscal cliff deadline approaches president obama and house speaker john boehner may be working on a deal privately. the associated press says the two have been talking secretly by telephone. among the proposals the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. publicly neither side is giving away anything right now. >> we're still waiting for the white house to identify what spending cuts the president willing to make as part of the balanced approach that he promised the american people. >> what is required is, you know, agreement by republicans to some specific revenues that includes raising rates. >> and right now there is no indication the president is willing to compromise on his insistence that tax rates for the highest earners must go up. >> protests over michigan's right to work legislation carried into the night. earlier demonstrators were outside and inside the capitol as michigan's house passed the bill the senate approved earlier. protesters demand the governor veto the bill. >> i appreciate they have
. >> as the fiscal cliff deadline approaches president obama and house speaker john boehner may be working on a deal privately. the associated press says the two have been talking secretly by telephone. among the proposals the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. publicly neither side is giving away anything right now. >> we're still waiting for the white house to identify what spending cuts the president...
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cliff deal done. as we take a look, live look, what will be his news conference, we do see a chart, mike. that can always get a little scary. what is the chart for and what are they going to explain? tell us a little bit about the democrat side because we expect to hear from the democrats today. what is their frustration with the process. >> reporter: nancy pelosi, the democratic leader in the house talked to reporters a few moments ago she noted the clock is really ticking. if you want to get a deal it needs to be hammered out in the next day or some there is great anxiety with the christmas holiday coming up. with the procedural things you need to do to get legislation done. so the pressure is really on. pelosi talked a little bit what it was like when she was speaker and she had a deal with war funding with many is of her members. check this out. >> it's tough. but you have to do it. so is the point you don't want to put your members on spot figure it out. we did. figure it out. and than, then go f
cliff deal done. as we take a look, live look, what will be his news conference, we do see a chart, mike. that can always get a little scary. what is the chart for and what are they going to explain? tell us a little bit about the democrat side because we expect to hear from the democrats today. what is their frustration with the process. >> reporter: nancy pelosi, the democratic leader in the house talked to reporters a few moments ago she noted the clock is really ticking. if you want...
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and a new factor complicating efforts to reach a deal over the fiscal cliff. the president needs to make the next move. >> it is not going to help our economy, and it is not going to help those seeking work. i came out to put revenues on the table and to take a step toward the president to resolve this. when is he going take a step toward us? >>> welcome back and time for a quick check of the head loins. headlines. john mcafee is fighting deportation from guatemala to belize. he is wanted for questioning in the death of a neighbor. he became a millionaire after developing anti-virus software. >>> and former south african president nelson mandela is undergoing testing at a hospital. the 94-year-old hasn't made public appearances for years. >>> and a massive typhoon devastating the philippines has made a u-turn. the storm already killed nearly 600 people, and now it is threatening to mick a second land -- threatening to make a second landfall. greg? >>> president obama asking pong for tens -- asking for tens and billions of dollars. he is calling for $64 billion
and a new factor complicating efforts to reach a deal over the fiscal cliff. the president needs to make the next move. >> it is not going to help our economy, and it is not going to help those seeking work. i came out to put revenues on the table and to take a step toward the president to resolve this. when is he going take a step toward us? >>> welcome back and time for a quick check of the head loins. headlines. john mcafee is fighting deportation from guatemala to belize. he...
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>>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers, businesses get fewer profits, they hire fewer workers, you go in a downward spiral. wrong idea. >>reporter: the president criticized the right-to-work deal that michigan's republican legislature is set to pass calling it a right to make less money and says it doesn't have anything to do with economics but licks. >>shepard: does the fact that the two men who are the last two to meet on this matter, met together and did not come out bellyaching about the other side, is that positive or am i looking for a silver lining? >>reporter: it could be a sign of progress. there are signs from the people on capitol hill
>>reporter: well, folks think there is time for enough of a deal but stopped short of a fiscal cliff but some think that has to happen this week. at a daimler truck stop the president didn't mention the upper income tax hike he is demanding but warned what will happen if congress doesn't extend the middle-class tax cuts both sides want. >> people will spend nearly $200 billion less than otherwise they would spend. consumer spending will go down. that means you have less customers,...
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cliff deal. they want a deal in the next two days. >> reporter: nancy pelosi said minutes ago it's time to act. she said members of congress need to engineer a path forward. they must figure out a plan in the next two days. she repeated what was said yesterday, consumer spending confidence are both down. both say without a deal employers won't hire and the unemployment rate will likely get worse. >> if we don't act the economy will go over the cliff. not just the budget. the economy will go over the cliff. what more motivation do our republican colleagues have than to get the job done? >> reporter: and the house speaker will be speaking to the media on the cliff in just a few minutes. live in washington. ktvu channel 2news. >> if you watch tv starting today commercials aren't supposed to be louder than the tv shows you are watching. the calm act requires broadcasters, cable, satellite and other video programmers to make sure the commercials are the same volume as the tv shows around them. the law
cliff deal. they want a deal in the next two days. >> reporter: nancy pelosi said minutes ago it's time to act. she said members of congress need to engineer a path forward. they must figure out a plan in the next two days. she repeated what was said yesterday, consumer spending confidence are both down. both say without a deal employers won't hire and the unemployment rate will likely get worse. >> if we don't act the economy will go over the cliff. not just the budget. the economy...
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. >>> "out front" next, 27 days away from the fiscal cliff. octagenarians doing gangnam style, no deal, and what syria is planning to do if bashar al assad will do if he uses chemical weapons against his own people? a woman with a 1% survival after contracting a flesh-eating bacteria. she made it. tonight let's go "out front." >>> good evening. i'm erin burnett. out front, gangnam style. this is how one man sees the fiscal cliff. this is allen simpson, as in the simpson in simpson/bowles. ♪ >> yep, that may be the most actions the fiscal cliff saw today. here's the scene on capitol hill here at noon. yep, people leaving, members of congress leaving washington, heading home on a wednesday afternoon. one man standing was the house speaker and he says, i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> but, of course, it takes two to tango. where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >>
. >>> "out front" next, 27 days away from the fiscal cliff. octagenarians doing gangnam style, no deal, and what syria is planning to do if bashar al assad will do if he uses chemical weapons against his own people? a woman with a 1% survival after contracting a flesh-eating bacteria. she made it. tonight let's go "out front." >>> good evening. i'm erin burnett. out front, gangnam style. this is how one man sees the fiscal cliff. this is allen simpson, as...
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to sdus fiscal cliff deals. a deal was not sealed. we're 20 days from the fiscal cliff. time becoming critical. congress going on christmas break two days from now, shannon travis following the snipping and deal making in washington. shannon, what's in the proposals? do you know? >> zoraida, this will be confusing for viewers. let's try to break this down as simple as possible. president obama and house speaker john boehner spoke yesterday evening after an offer from the white house and a counteroffer from republicans. the white house offer, the white house wanted 1.6 trillion in new revenue in terms of increased tax occasion -- reducing -- excuse me. increasing the rates on the wealthiest americans. now they are down to 1.4 trillion on monday. on tuesday, the republicans responded. we don't have a whole lot of details on that but bainary's office saying, you know what, white house? show us cuts to entitlement spending before we talk about entitlement reform. amid that back drop, since nothing is firm just yet. republicans and democrats are obviously still as you mention
to sdus fiscal cliff deals. a deal was not sealed. we're 20 days from the fiscal cliff. time becoming critical. congress going on christmas break two days from now, shannon travis following the snipping and deal making in washington. shannon, what's in the proposals? do you know? >> zoraida, this will be confusing for viewers. let's try to break this down as simple as possible. president obama and house speaker john boehner spoke yesterday evening after an offer from the white house and a...
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there's no deal. the fiscal cliff is a misnomer. we went off the fiscal cliff a long time ago when we doubled the size of the government in the last 11 years and when we gave increased benefits in medicare without creating tax revenue source to pay for it. the question is not medicare, social security, why would you not just address the issues facing our country and the very things that are going to cripple us if we don't address them? ann and saving medicare, guaranteeing that benefit to people in the future out to be important. we have 3 million people this year that are going to go in to medicare and three million the next and the next. >> what leverage do you think republicans have to force and get a deal? >> i don't know. i think, again, that's washington speak for politics, rather than policy. again, i think we ought to raise it another notch up. shouldn't we be having the president of the united states with the leaders of both houses of congress come together and say what are the real problems in the short term and long term
there's no deal. the fiscal cliff is a misnomer. we went off the fiscal cliff a long time ago when we doubled the size of the government in the last 11 years and when we gave increased benefits in medicare without creating tax revenue source to pay for it. the question is not medicare, social security, why would you not just address the issues facing our country and the very things that are going to cripple us if we don't address them? ann and saving medicare, guaranteeing that benefit to...
WHUT (Howard University Television)
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Dec 6, 2012
12/12
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WHUT
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politicians will be able to clinch a deal to avoid that fiscal cliff. london's ftse 100 is up right now by 0.2%. we see the frankfurt market moving ahead, up about a percent. paris's cac 40 seeing gains of 0.3%. earlier in asian trading, share prices were largely mixed. there was some profit-taking from yesterday's gains. had more optimistic views about the u.s. economy keeping stocks from falling any further, though. the nikkei ended above that key 9,500 level for the first time since april. the shanghai composite edged down just over 0.1% after a pretty sharp rebound yesterday. south korea's kospi also managing gains. it closed higher by more than 0.1%. that put it at a seven-week high. let's move on to currencies now. dollar/yen right now is a little higher, seeing it at 82.35. market observers say investors are buying the dollar on optimism about the u.s. budget talks, but its advance has been capped today as many traders do remain on the sidelines ahead of u.s. jobs data, which is due out on friday. now, in terms of the euro, it's still holding pre
politicians will be able to clinch a deal to avoid that fiscal cliff. london's ftse 100 is up right now by 0.2%. we see the frankfurt market moving ahead, up about a percent. paris's cac 40 seeing gains of 0.3%. earlier in asian trading, share prices were largely mixed. there was some profit-taking from yesterday's gains. had more optimistic views about the u.s. economy keeping stocks from falling any further, though. the nikkei ended above that key 9,500 level for the first time since april....
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Dec 12, 2012
12/12
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negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes
negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for...
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Dec 12, 2012
12/12
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FOXNEWSW
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more on the new developments on the fiscal cliff. plus north korea successfully launches a rocket, cheers erupt in yeongpyeong, another escalation in the korean nuclear crisis. two of our guests joining us say this is a very big deal. hearings underway on human growth hormone and the nfl, what will the league decide in we'll go in depth today. bill: see you then at the top of the hour. have a look at this. will you? 33 of these found by border patrol miles from mexico. martha: it's a great store row. bill: you know what they are? martha: i do, but people should stick around to find out, pretty interesting. we'll be right back. table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! could've had a v8. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating w
more on the new developments on the fiscal cliff. plus north korea successfully launches a rocket, cheers erupt in yeongpyeong, another escalation in the korean nuclear crisis. two of our guests joining us say this is a very big deal. hearings underway on human growth hormone and the nfl, what will the league decide in we'll go in depth today. bill: see you then at the top of the hour. have a look at this. will you? 33 of these found by border patrol miles from mexico. martha: it's a great...
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Dec 11, 2012
12/12
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but remember, he has to strike a fiscal cliff deal. that deal is likely to contain some things unions don't like. that is some of the politics going on right now. rick: bob cusack, managing editor of "the hill." thanks so much. >> thanks, rick. >> there are three elements to this. growth, reduction in spending, and raising of revenues. we have already voted for, we, democrats voted for over a trillion dollars in cuts and spending. that was part of the budget control act and that's part of how we should go forward. jenna: that was house minority leader nancy pelosi late last month,g democrats in congress support ad trillion dollars in federal spending cuts. with so much of the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter
but remember, he has to strike a fiscal cliff deal. that deal is likely to contain some things unions don't like. that is some of the politics going on right now. rick: bob cusack, managing editor of "the hill." thanks so much. >> thanks, rick. >> there are three elements to this. growth, reduction in spending, and raising of revenues. we have already voted for, we, democrats voted for over a trillion dollars in cuts and spending. that was part of the budget control act...
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lori: time to get a deal to avoid the fiscal cliff. senate majority leader harry reid just took the floor. he tried to get a vote on the fiscal cliff deal at 1:30, but minority leader mitch mcconnell, republican objected to that proposal saying i matter of such importance, 60 vote threshold, majority was born to do. now it will not happen, no vote today on the debt ceiling, fiscal cliff proposal to basically the breaking news is we're back where we started. melissa: what is the hottest stock on wall street these days. trading under. the bidding war for my favorite bank analyst. i love dick bove. speaker he is in purgatory. a billion dollars unauthorized trade was described as a rogue trader. presumption of innocence, he was arrested earlier in the week. take the firm, the firm has been closed down since then. dick bove has been in purgatory. sources are telling us bove reseed essentially 17 offers to join him, he is now down to five, he has contracted form in five firms. he believes he'll be making the decision on which of these five f
lori: time to get a deal to avoid the fiscal cliff. senate majority leader harry reid just took the floor. he tried to get a vote on the fiscal cliff deal at 1:30, but minority leader mitch mcconnell, republican objected to that proposal saying i matter of such importance, 60 vote threshold, majority was born to do. now it will not happen, no vote today on the debt ceiling, fiscal cliff proposal to basically the breaking news is we're back where we started. melissa: what is the hottest stock on...
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Dec 5, 2012
12/12
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so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the middle management layers,
so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this comes on -- the speech is coming on a breaking news day jenna of what you and i were talking about and that is basically citigroup laying off 11,000 workers as the president is now speaking to the business roundtable. those layoffs at the nation's third biggest bank have begun. jenna: let's talk a little bit more about that, liz, that news came into our newsroom a couple of...
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Dec 10, 2012
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cliff deal, but he may also weigh in on dan's just-passed right to work law and the big changes in store for a state considered the birthplace of organized labor. tomorrow the governor is expected to sign into law legislation that will bar unions from taking mandatory dues out of workers' paychecks, and many are asking how we got to this point in michigan of all states. joining me now, bernard whitman, former pollster for bill clinton and author of "52 reasons to vote for obama," or why people should be glad they voted for obama i guess after the fact, bernard, and also gretchen ham hamil. panel, welcome to you both. this is something. we've seen these right-to-work states becoming more and more popular, almost half the states in the night that are going right to work, but, gretchen, let me "street smart" with you on this -- start with you on this as a republican. >> well, you have to look at the past two years in michigan, some of the highest unemployment rates over the past two years reaching nearly 15% and currently 9.2%. so you see a state there that has an economy that is struggling
cliff deal, but he may also weigh in on dan's just-passed right to work law and the big changes in store for a state considered the birthplace of organized labor. tomorrow the governor is expected to sign into law legislation that will bar unions from taking mandatory dues out of workers' paychecks, and many are asking how we got to this point in michigan of all states. joining me now, bernard whitman, former pollster for bill clinton and author of "52 reasons to vote for obama," or...
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Dec 12, 2012
12/12
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american express leading the way. >> no deal to avoid the fiscal cliff, john boehner keeping the dialogue going and even trading new proposals but not stopping them from calling each other out. rich edson is in washington. >> that usually stops or pauses at the very least when there is progress. democrats and republicans have been stuck for weeks. the white house reduced its offer on tax increases for $1.6 trillion to $1.4 trillion including a willingness to begin corporate tax reform. republicans santa white house has to embrace significant spending cuts. >> during our budget we had no new revenue. look at the president's but he has $1.6 trillion worth of new revenue in his budget. we have been reasonable, responsible in our approach to this and we will continue to do that. time for the president to do his part. >> democrats say republicans have secured a one trillion dollars in spending cuts, part of last year's the deal and it is time to tax the wealthy. >> it is like a charlie brown cartoon. how many times, how many times is charlie brown going to try to kick that football? we know ev
american express leading the way. >> no deal to avoid the fiscal cliff, john boehner keeping the dialogue going and even trading new proposals but not stopping them from calling each other out. rich edson is in washington. >> that usually stops or pauses at the very least when there is progress. democrats and republicans have been stuck for weeks. the white house reduced its offer on tax increases for $1.6 trillion to $1.4 trillion including a willingness to begin corporate tax...
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Dec 10, 2012
12/12
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they're trying to work out a deal on the fiscal cliff. does this mean they're going to be on the way? we'll talk to congress members connie and mary mack. they'll weigh in. >>> and nasa finally explaining what those lights over texas were. is it worthy of the "x-files"? >> i love that reference. wind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. (announcer) when subaru owners look in the mirror, they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dolla
they're trying to work out a deal on the fiscal cliff. does this mean they're going to be on the way? we'll talk to congress members connie and mary mack. they'll weigh in. >>> and nasa finally explaining what those lights over texas were. is it worthy of the "x-files"? >> i love that reference. wind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the...
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Dec 13, 2012
12/12
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. >>> 19 days and counting until the government goes over the fiscal cliff. your taxes automatically go up. at this moment i wish they were close to a deal, but after john boehner and house minority leader nancy pelosi spoke a short time ago, deep sigh. not there yet. take a listen. >> republicans put out a let they're had more signatures than ideas. it had like one number. that's not -- let's get real. let's really get real about this if we are going to have a solution. >> here we are at the 11th hour and the president still is not serious about dealing with this issue right here. it's this issue. spending. we want to talk about polling. most americans agree that spending is a much bigger problem than raising taxes. we want to deal with this in a responsible way. >> as you just heard, house speaker said the white house is not serious about cutting spending, but the white house said it could be over if republicans agreed to raise taxes on the top 2%. guess what. 76% of adults surveyed agree with the president on this one. this is according to the polls as the
. >>> 19 days and counting until the government goes over the fiscal cliff. your taxes automatically go up. at this moment i wish they were close to a deal, but after john boehner and house minority leader nancy pelosi spoke a short time ago, deep sigh. not there yet. take a listen. >> republicans put out a let they're had more signatures than ideas. it had like one number. that's not -- let's get real. let's really get real about this if we are going to have a solution. >>...
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Dec 6, 2012
12/12
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with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we're far from that. the needs are clear. ports, roads, transport rail and plus protection against extreme weather. on the other side demand. the demand for infrastructure investments isle coming from the private sector. this is very new and it's driven by the fact as rates come down the opportunities for investors, pension funds and sovereign wealth funds to find opportunities to give them the yield they want, 5 to 6% are disappearing. infrastructure offers that opportunity. it's a long-term opportunity. it matches their liabilities, what they need to protect to pay off their retirees very
with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage...
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Dec 7, 2012
12/12
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but for some, that cheer was tempered by thoughts of looming fiscal cliffs. up next, we'll hear what some people had to say last night. >>> first, more season's greetings from the u.s. troops. stay with us. with us. >> from the walker family here. >> to everybody in annapolis, maryland, my dad and linda, a happy holiday. holiday. >>> the president took a break from fiscal cliff talks to join the first family for the lighting of the national christmas tree on the ellipse. >> as fox 5's bob barnard tells us, others who were there say that icy chill in the air needs to thaw if we are going to avoid that fiscal cliff. l clif >> reporter: yes, the president and malia obama with sasha and first lady michelle leading the chorus of santa claus is coming to town. >> one! >> the ceremony of music and lights as the national christmas tree comes to light. >> i'm so excited for christmas, i can feel christmas already now. >> reporter: the holiday cheer, the spectacle of this illuminating condition tempered by thoughts of the fiscal cliff. >> they'll resolve it. >
but for some, that cheer was tempered by thoughts of looming fiscal cliffs. up next, we'll hear what some people had to say last night. >>> first, more season's greetings from the u.s. troops. stay with us. with us. >> from the walker family here. >> to everybody in annapolis, maryland, my dad and linda, a happy holiday. holiday. >>> the president took a break from fiscal cliff talks to join the first family for the lighting of the national christmas tree...
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Dec 7, 2012
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they need to move forward and deal with this fiscal cliff and then we can come back in 2013 and deal with some of these other issues. >> some of us would like to know what is being between president obama. there is analysis in the political playbook, both what they are thinking and won't say to each other when it comes to the fiscal cliff. if you want concessions, you need to man up and ask for them, which you haven't done. and then there's what speaker boehner might be thinking but not saying and you can't play hard and if you just walk with races. when you look at that, what do you think? >> probably. he usually does. but i haven't seen anything real to tell me that we're not going over the fiscal cliff and if we're doing that, according to all of the polling, it's going to be harder on republicans in terms of the public opinion than it is on democrats. you would think that that would give him another reason to get serious about this. i just think if the argument boils down to protecting that top 2% from having any kind of, you know, souped up responsibility on the tax side and on
they need to move forward and deal with this fiscal cliff and then we can come back in 2013 and deal with some of these other issues. >> some of us would like to know what is being between president obama. there is analysis in the political playbook, both what they are thinking and won't say to each other when it comes to the fiscal cliff. if you want concessions, you need to man up and ask for them, which you haven't done. and then there's what speaker boehner might be thinking but not...
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Dec 5, 2012
12/12
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that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire house republican leadership signed on to the so-called fiscal cliff proposal letter. they're not serious about negotiating. i don't know the right wing and the tea party of who the republican party is nowadays but it's impossible to have a deal with one side refuses to compromise even after losing. they will not accept their own defeat. >> right. >> and that is the problem. >> a.b. let's play what congressman walter jones had to say on this boehner purge. i have the full screen of what he had to say when several members were removed as identified not being team players. he says, i was surprised but i won't sacrifice my integrity for anyone or any party. my integrity is what will get me in to heaven and i will vote my int
that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire house republican leadership signed on to the so-called fiscal cliff proposal letter. they're not serious about...
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Dec 11, 2012
12/12
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cliff deal in public. let's listen. >> i get nervous when two people disappear into a white house room and start making a grand alliance and they think, we're going to do this and get it out of the secret meetings and into the public venues to the american people and the congress themselves, we're responsible for making intelligent decisions. that should be done publicly. but at some point, after public debate and so forth, yes, private negotiations can help bridge the gap and bring us to a successful conclusion. >> mary, what do you think? will that be a kiss of death? >> i don't think there's time, wolf, the president has been dragging its feet. we have a few numbers of days left before we go off the fiscal cliff and taxes are raised for everybody. so speaker boehner knows a caucus, a serious, mature sober leader. he knows what his principles are. he's a principled conservative, a mainstream businessman and knows what the issues are. the house should and is largely trusting him. >> and what do you think
cliff deal in public. let's listen. >> i get nervous when two people disappear into a white house room and start making a grand alliance and they think, we're going to do this and get it out of the secret meetings and into the public venues to the american people and the congress themselves, we're responsible for making intelligent decisions. that should be done publicly. but at some point, after public debate and so forth, yes, private negotiations can help bridge the gap and bring us to...
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Dec 7, 2012
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that will prevent us from going off the fiscal cliff and probably going to be a deal that the white house will be happy with. i think it's increasingly clear that the white house has the upper hand, they're better off if -- they're better off than republicans if we go over the fiscal cliff. they have leverage from the campaign. that's the directionion -- speaker boehner today kept the door open to raising rates on the wealthy as part of a negotiating plan. >> at the white house, what are you hearing as to how much flexibility the president thinks he has? >> it's interesting. i had an interesting conversation yesterday with senator sheldon, white house democrat from rhode island, on the senate budget committee, he said look if we go through january 1st without a deal, it's not the end of the world. it will be the end of the world if they never get resolved. if they don't get resolved until mid january or february we'll be okay. from the white house and democrats we want a deal but not afraid to go past this deadline without a deal as susan said, they know they have the upper hand and
that will prevent us from going off the fiscal cliff and probably going to be a deal that the white house will be happy with. i think it's increasingly clear that the white house has the upper hand, they're better off if -- they're better off than republicans if we go over the fiscal cliff. they have leverage from the campaign. that's the directionion -- speaker boehner today kept the door open to raising rates on the wealthy as part of a negotiating plan. >> at the white house, what are...
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they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov coverage. as the days went on, we understood that that senior white house officials was the white house official. so it was pretty exciting for us. >> president obama and lawmakers now have less than four weeks to reach a deal to avoid steep tax hikes and spending cuts from taking effect. >>> 4:34 now. melissa mollet is at the live desk with breaking
they say companies may be waiting to see if we plunge off the fiscal cliff before hiring more employees. economists say superstorm sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about...